Ulti Services: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Ulti Services
Largest movements
- Stocks and contracts -€22,304
down €22,304 (-16.0%), from €139,173 to €116,869
- Cash -€15,069
down €15,069 (-92.7%), from €16,257 to €1,188
mainly Net result for the year (-€35,658) and Debts after one year (-€6,044)
- Tangible fixed assets -€6,794
down €6,794 (-31.5%), from €21,560 to €14,766
of which Furniture and vehicles: -€6,465
- Deferred charges and accrued income +€2,238
up €2,238 (+383%), from €585 to €2,823
- Profit (loss) carried forward -€35,658
down €35,658 (-334%), from -€10,672 to -€46,330
- Debts after one year -€6,044
down €6,044 (-59.5%), from €10,157 to €4,113
- Tax, wage and social debts -€3,050
down €3,050 (-27.5%), from €11,078 to €8,028
of which Taxes: -€2,124
- Gross operating margin -€13,262
down €13,262 (-27.8%), from €47,774 to €34,512
- Staff costs +€12,361
up €12,361 (+25.9%), from €47,642 to €60,003
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,883 | €137,104 | -€42,779 | -23.8% |
| Fixed assets | 21/28 | €21,560 | €14,766 | -€6,794 | -31.5% |
| Tangible fixed assets | 22/27 | €21,560 | €14,766 | -€6,794 | -31.5% |
| Plant, machinery and equipment | 23 | €4,716 | €4,387 | -€329 | -7.0% |
| Furniture and vehicles | 24 | €16,844 | €10,379 | -€6,465 | -38.4% |
| Current assets | 29/58 | €158,323 | €122,338 | -€35,985 | -22.7% |
| Stocks and contracts in progress | 3 | €139,173 | €116,869 | -€22,304 | -16.0% |
| Stocks | 30/36 | €139,173 | €116,869 | -€22,304 | -16.0% |
| Amounts receivable within one year | 40/41 | €2,308 | €1,458 | -€850 | -36.8% |
| Trade receivables | 40 | €2,308 | €1,458 | -€850 | -36.8% |
| Cash at bank and in hand | 54/58 | €16,257 | €1,188 | -€15,069 | -92.7% |
| Deferred charges and accrued income | 490/1 | €585 | €2,823 | +€2,238 | +383% |
| Total equity and liabilities | 10/49 | €179,883 | €137,104 | -€42,779 | -23.8% |
| Equity | 10/15 | -€2,612 | -€38,270 | -€35,658 | -1,365% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,672 | -€46,330 | -€35,658 | -334% |
| Amounts payable | 17/49 | €182,495 | €175,374 | -€7,121 | -3.9% |
| Amounts payable after more than one year | 17 | €10,157 | €4,113 | -€6,044 | -59.5% |
| Financial debts | 170/4 | €10,157 | €4,113 | -€6,044 | -59.5% |
| Amounts payable within one year | 42/48 | €172,338 | €171,261 | -€1,077 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €5,895 | €6,044 | +€149 | +2.5% |
| Trade debts | 44 | €11,036 | €12,311 | +€1,275 | +11.6% |
| Suppliers | 440/4 | €11,036 | €12,311 | +€1,275 | +11.6% |
| Taxes, remuneration and social security | 45 | €11,078 | €8,028 | -€3,050 | -27.5% |
| Taxes | 450/3 | €10,152 | €8,028 | -€2,124 | -20.9% |
| Remuneration and social security | 454/9 | €926 | - | -€926 | |
| Other amounts payable | 47/48 | €144,329 | €144,878 | +€549 | +0.4% |
| Remuneration, social security and pensions | 62 | €47,642 | €60,003 | +€12,361 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,793 | €6,794 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,501 | €1,310 | -€191 | -12.7% |
| Gross operating margin | 9900 | €47,774 | €34,512 | -€13,262 | -27.8% |
| Operating profit (loss) | 9901 | -€8,162 | -€33,595 | -€25,433 | -312% |
| Financial income | 75/76B | €245 | €76 | -€169 | -69.0% |
| Recurring financial income | 75 | €245 | €76 | -€169 | -69.0% |
| Financial charges | 65/66B | €2,043 | €2,139 | +€96 | +4.7% |
| Recurring financial charges | 65 | €2,043 | €2,139 | +€96 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,960 | -€35,658 | -€25,698 | -258% |
| Profit (loss) for the period | 9904 | -€9,960 | -€35,658 | -€25,698 | -258% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,960 | -€35,658 | -€25,698 | -258% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.